On 12 May 2016, Italy published the implementing decree for advance tax rulings for qualifying new investments as introduced in Legislative Decree No. 147 in September 2015 ({News-2015-09-30/A/2- previous coverage}). The new tax rulings cover the tax treatment of Italian investment plans for both resident and non-resident companies, provided the investment is at least EUR 30 million and will have a long-term positive impact on employment in Italy. In order to obtain an investment tax ruling, the company must submit an application to the Central Directorate of Legislation, New Investments Rulings Office that includes: The identification and contact details of...